Bitcoin Price Double Top
Bitcoin price has made a double in the BTC/CNY exchange charts and we might see a trend reversal today. However, the USD exchange charts do not confirm the double top pattern and we examine the confirmation signals for trade. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h05 UTC. OKCoin-CNY 15-Minute Chart. From the analysis pages of xbt.social, earlier today: A partial outcome for our expectations but we still do not have....
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Dogecoin Price Key Highlights. Dogecoin price continued to remain under the bearish pressure, and our highlighted double top pattern is still in play. There is a cluster of resistance formed on the upside for buyers around 56.0-57.0 Satoshis. The price continued to consolidate near the 100 hourly simple moving average, as there was no break. Dogecoin price remains at risk of a break lower since our highlighted double top pattern is still in play. Double Top Pattern. We highlighted a double top pattern yesterday, which is still in play and might act as a catalyst for a downside move in the....
Dogecoin Price Key Highlights. Dogecoin price spiked higher one more time to trade near the last swing high of 67.0. The price failed to trade above 67.0 Satoshis once again, which created a double top pattern on the hourly chart. More losses are possible if the Double Top pattern is valid and sellers gain control. Dogecoin price failing twice around 67.0 Satoshis is a warning sign, and might ignite a downside move in the near term. 100 SMA as Support. We stated yesterday that there is a chance that the Dogecoin price might head lower. There was a downside reaction in the price, as it....
Dogecoin Price Key Highlights. Dogecoin price as mentioned yesterday formed a double top pattern near the last swing high of 67.0. We need to wait for a break in order for the price to move lower and retest 60.0. The price is attempting to close below the 100 hourly simple moving average, which is a negative sign for buyers. Dogecoin price formed a double top pattern recently, and if sellers gain control more losses are possible moving ahead. Double Top Formation. We highlighted in yesterday's analysis that the Dogecoin price formed a double top pattern on the hourly chart, as there were....
The upside setup for SOL price appears despite Solana-based investment products seeing significant capital outflows. The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the U.S. dollar.A $150 SOL ahead?Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price to a newer low, the selling sentiment exhausts, leading to a sharp upside retracement and a breakout move....
With the bitcoin price hovering near $50,000, it appears a 2013-style "double bubble" is in the cards.